ERP software is a product that a large number of businesses use to manage their core functions. The acronym stands for Enterprise Resource Planning and it is one of the most popular software systems in the corporate world.
What is cloud-based ERP software?
Traditionally, companies used to host their own ERP solution on their on-premises infrastructure. Cloud computing has changed the scene by introducing more cost-effective and available alternatives like DaaS (Desktop-as-a-Service) and SaaS (Software-as-a-Service). These clouds services now allow customers to fully outsource the ERP software system without having to rely on their own server technology and to provide recurring maintenance support externally or internally.
One of the best features of cloud-based ERP software is that users can access their work applications from every device, at any location. The only requirement is that they are connected to the internet in order to virtually access all the cloud-based resources, hosted on the data center of their provider. Once the user has logged into their cloud desktop environment (DaaS), they can use all of the ERP system functions they are permitted to. Depending on the type of business the company is doing, ERP can be useful for managing the company’s accounting, human resources, inventory, and more.
What benefits does a cloud-based ERP have to offer?
We are highlighting what has already been mentioned before. Cloud-hosted software such as ERP is highly available due to the advancement of cloud technology. Unlike on-premise infrastructure, cloud data centers are equipped with the latest computing technology that offers high processing power, unlimited storage, and unceasing infrastructure monitoring. Relying on better technology that manages and deploys the application from multiple data center locations increases the availability of the services and guarantees no interruptions during usage.
One of the most valuable attributes of cloud-based ERP systems is the centralization of information in a single location. By choosing DaaS or SaaS with your ERP, your departments can access a shared database and get a more fluid exchange of information. Different business units have specific access and application requirements, which the cloud makes possible without demanding anything extra from the client. The existing infrastructure is built for creating a more advanced shared database that allows users to be as flexible with working the ERP software as they need to be.
A lot of our business clients are concerned with the security of their ERP software system when its provisioned from the cloud. The hard fact is that cloud-hosted software solutions are equally secure, and a lot of the time even more secure than traditional on-premise technology. By being more centralized, cloud-hosted ERP software makes it easier for IT teams to monitor how information is exchanged through the network and to detect threats as they appear. Other than that, the setup of the software solution is identical to what traditional technology has to offer but stored on more secure server locations instead. Some cloud providers also offer additional security features to comply with some of the industry’s standards such as Service Organization Control 1.
It’s customizable and scalable
Having a cloud ERP system gives businesses better flexibility with choosing applications that respond to their needs. With this software companies can also customize their reports and individual business processes overall. The greatest benefit of cloud-hosted platforms is that scalability is indefinite and adding new tenants to the desktop workstations deploying the app requires no effort at all.
Cloud-based ERP systems are particularly agile because of all of the aforementioned benefits. Agility is an important quality to growing companies that need to rely on available, scalable, and cost-effective solutions, meeting their corporate needs left, right, and center. This is where cloud ERP fits perfectly and meets all requirements in the modern workspace.